OVER-SUBSCRIBED
SYDNEY COUNTY LOAN
PHENOMENAL SUCCESS
SYDNEY, July 31.
The Acting Premier, the Hon. M. F. Bruxner, announces that advice has been received from London that a £2,000,000 conversion loan, issued by the Sydney County Council, which administers the electricity undertaking of Sydney, has been over-subscribed in London by ' £30,000,000. The loan, which bears interest at 4 per cent., and was issued at 99, is for the conversion of city of Sydney debentures and.the repayment of existing liabilities of the recently-created Sydney County Council.
Authorities here regard the oversubscription as phenomenal in the particular circumstances, and extremely gratifying.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19360801.2.68
Bibliographic details
Evening Post, Issue 28, 1 August 1936, Page 9
Word Count
98OVER-SUBSCRIBED Evening Post, Issue 28, 1 August 1936, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in